Entrepreneur's Corner

How To Save This Christmas Season – Branch Microfinance

BY Soko Directory Team · December 6, 2024 07:12 am

This is the month of spending. Christmas and New Year celebrations are coming up and many are in the mood despite the challenging economic times. And as Jack London puts it, “A man must live” and the part of that “living” is having a good life.

People are already making travel arrangements to go and see their folks in the village. Buses heading to Western Kenya are already fully-booked. It is that season again of being called fancy names in the village like Chairman, Mzee Kijiji, MCA, Mama County, among others.

What happens after the festive season is usually saddening and frustrating. Having spent everything, people come back dejected and direct their anger to January, calling it Njaanuary. But it does not have to be this way. You can always save.

So, how can you save your money this December?

Traveling is expensive during Christmas. If you have not booked for your bus ticket early, you will have to pay through the nose to get a ticket. If you must trave upcountry, then book for your travel early to save on those few coins.

Take advantage of those Christmas offers to do your shopping. Many outlets are offering Christmas offers on consumable and household products. Take advantage and do your shopping to avoid breaking an arm and a leg in the village.

Avoid too much indulging in drinking and making merry. Kenyans spent at least 30 billion shillings on drinking in December alone. Drink. Yes. But do your math and save some coins this Christmas. Times are not good.

Where should you put the coins you are “putting aside”?

Here is where Branch Microfinance comes in. This is Kenya’s first digital bank that has been approved by the Central Bank of Kenya. The bank gives loans, avails financial guidance, and above all, enables Kenyans to save while earning some of the highest interests.

There Fixed Savings product gives one up to more than 15 percent interest annually. This is one of the highest interest in the market. They also have Flexi and Target Accounts that fits into your financial muscle without straining you.

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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